Mr DIY went up again today. Miserable profit compare to Kossan before this supernormal profit. Glove owners don't pay fund managers or give placement to fund managers to promote stock because they are happy with the dividend. No intention to goreng

202.5 million after tax profit for 2015

224 m profit in 2019 (before pandemic) Yr 2015 was also above 200m
Don't worry post convid. Just keep this share as core holding

YEAR ENDED31 DEC 1931 DEC 1831 DEC 1731 DEC 1631 DEC 15
FINANCIAL RESULTS (RM’000)Revenue2,217,170 2,140,571 1,957,627 1,667,996

1,639,509
Proit before taxation276,372 249,264 228,313 210,008 268,567
Proit attributable to equity holders of the Company
224,653 199,773 182,061 167,063 202,530

Kossan made about 240m per year before the pandemic.So why worry about 2023

Should be soon. Penny stock turn soon. Volume is building up already

As of 16 Feb
7113 TOPGLOV TOP GLOVE CORPORATIONBERHAD 213,772,867 2.61
7153 KOSSAN KOSSAN RUBBER INDUSTRIESBHD 51,414,563 2.02
5168 HARTA HARTALEGA HOLDINGSBERHAD 43,093,323 1.26
7106 SUPERMX SUPERMAX CORPORATIONBERHAD 26,237,389 0.97
About 0.5% of TG had being covered this few days.
THE SHORT COVERING DOES NOT COME VIA BUYING THROUGH RSS account.
MY OPINION IS THAT THE 11 CENTS DIVIDEND IS SIGNIFICANT. THE SHORT SELLER WILL WANT TO COVER SOME KOSSAN SAHRES BEFORE THE X DATE

As of 16 Feb
7113 TOPGLOV TOP GLOVE CORPORATIONBERHAD 213,772,867 2.61
7153 KOSSAN KOSSAN RUBBER INDUSTRIESBHD 51,414,563 2.02
5168 HARTA HARTALEGA HOLDINGSBERHAD 43,093,323 1.26
7106 SUPERMX SUPERMAX CORPORATIONBERHAD 26,237,389 0.97
About 0.5% of TG had being covered this few days.
THE SHORT COVERING DOES NOT COME VIA BUYING THROUGH RSS account.

Comparison between Kossan and Mr DIY
Remember even before pandemic, Kossan net profit per year was about 240m. For current year 2020 is 1.09B. Mkt cap is 10B.
Mr DIY Mkt Cap is 21.4B. Full year 2020 profit is
improvement retailer reported a 19% jump in net profit to RM108mil from RM90.9mil a year ago.In line with the group’s policy of paying quarterly dividends, MR DIY has declared an interim dividend of 0.73 sen a share, or RM43.9mil.
Kossan is 11 cents div

Haha. Drop bought $4. Bought some more at $4.01 after selling Supermax at $6.11

Watching a few blue chips but nothing concrete. Had load up on cheap oil and Gas counters esp Hibiscus last month. Don't contra on gloves. Just buy for keeping at lease 2 to 3 yrs. If short term, don't buy gloves

If you need to leverage on your stock holdings, Rakuten gives 5X collateral value for Kossan

This company made 230m before the pandemic. They also manufacture specialized rubber products such as absorbers for quake buildings, for trains and port/ship fenders. on top of gloves. 2020 profit is 1.09B; 2021 is expected to be 2.7B and 2022 is expected to be 1.57B. Mkt cap right now is only 10B. This interim dividend is already 3% yield.
Am sure final dividend will be at least 15 to 20 cents. Just buy and lock up for 3 yrs. In this low interest rate environment, you won't regret. Owner holds the highest % of shares among the top 4 glove manufacturer

Market cap only 70m. Anytime can goreng loh. Alot of punters trap at about 6.5 cents. Goreng to 6 cents and still no stale bulls. Nice play

Haha. 12.5 cents all gloom. Dare not buy. Now 15cents all gungho.
Thats a 20% increase already. I take profit slowly. Down can buy again

Compare using the Mkt Cap, Kossan got the best profit among the 3

[14:29, 16/02/2021] LH: For its financial year ended Dec 31, 2020 (FY20), FY21 and FY22, HLIB Research is forecasting Kossan to see a core profit after tax (PAT) of RM1.02 billion, RM2.79 billion and RM1.51 billion respectively, from RM973.9 million, RM2.15 billion and RM1.04 billion respectively previously.

As for Hartalega’s FY21, FY22 and FY23, it is now expected to make RM3.23 billion, RM5.21 billion and RM2.85 billion respectively, from RM2.7 billion, RM3.27 billion and RM3.23 billion previously forecast.

For Top Glove Corp Bhd’s FY21, no changes have been made with a core PAT assumption of RM10.61 billion. Its FY22 and FY23 forecasts have been set at RM5.34 billion and RM3.57 billion respectively from RM5.33 billion and RM3.86 billion previously.
[14:30, 16/02/2021] LH: Market Cap: 10,180 Million
NOSH: 2,558 Million
[14:32, 16/02/2021] LH: TopGlove Mkt Cap Market Cap: 50,444 Million
NOSH: 8,202 Million
[14:33, 16/02/2021] LH: Hartalega Mkt Cap Market Cap: 42,845 Million
NOSH: 3,428 Million

11 cents for $4 share. Thats about 3% div yield. This yr 2000 profit is 1.09B. Next yr 2021 is 2.79B and 2022 is 1.57B. Let it drop again. Will top up again.

The price goes down because of lack of interest. Just buy and hold. You probably cannot get another share with better fundamental on Bursa. The 2% short sell also needs to be covered back. Hope thet declared a good dividend on Thursday

No collateral. The shorties kaput, the borrower lose everything, just for 5% per annum interest calculated on daily rest

With Biden as President, their will be tighter conditions for the production of shale oil. With the big oil company not spending for the past 1.5 yrs on developing new oil and also activism by share holders
the world is definitely going to depend on Russia and middle east for oil. This people are not going to provide cheap oil to the world if they can. Don't be taken by analyst telling you that the current increase in oil price is not because of demand but because of production cuts. By the time they tell you, oil price is USD$100 +

Haha. Got a lot of dreamers over Electric vehicles. The current Pandemic will set back EV target for 10 years at least.
No money to eat, but got money to change to EV?
In the US, people live SUV and Pick Up trucks. Ideal for camping and small business. Look at no of EVs in this segment. For the 3rd world, don't mention EV. No special electricity rate for mid night charging.
The battery cost more than your current petrol car and the charging cost is more than your petrol cost.

My Opinion is that oil price will continue to rise. With Biden as President, Shale oil is going to have tougher conditions. So basically depending on Middle East and Russia for their oil.

They will control production to drive prices higher.

As for Sapura Energy, the current concern is the high gearing of 1.1X. In my opinion this is a good time to have debts. The Bankers will roll over the loans at a lower interest rate because Khazanah is the biggest shareholder. Khazanah also got no money to go for a rights issue.

So the best way forward is to get more projects (Esp from Petronas). This will pave the way for a refinancing deal with the Bankers and at a lower Interest rate.

Without all this concerns Sapura will be $1.20 not 13 cents. So worth the bet

Getting exciting now. Short sell is now 3.15%. Above 3.5% I will double my long position.

Maintain UNDERPERFORM, with unchanged TP of RM0.05 pegged to valuations of 0.1x PBV. No changes to our FY21-22E numbers, as the new wins fall within our FY22E contract replenishment assumption of RM5b.
Although we are positive on the contract wins, we still deem them insufficient to sustainably turn around the company into profitability for the time being. The group’s net-gearing still remains at a high of 1.1x, with ESG also being a concern with the company.
Risks to our call include: (i) better-than-expected recognition of order book and project execution margins, (ii) huge replenishment of order book, and (iii) significant improvements in cash flow and balance sheet.
Source: Kenanga Research - 11 Feb 2021
READ THIS CAREFULLY.
BASICALLY EMPHASIS ON HIGH GEARING OF 1.1X AND ESG CONCERN
AIRASIA GOT MUCH MUCH HIGHER GEARING AND VERY SLOW RECOVERY IN REVENUE.
ITS A GOOD TIME TO REFINANCE YOUR LOAN WITH LOWER INTEREST RATE. WITH KHAZANAH BEING THE CONTROLLING SHARE HOLDER, THE LOANS WILL CERTAINLY BE REFINANCE. NO CASH CALL TOO COS KHAZANAH GOT NO MONEY
WONDER WHY THE ESG CONCERN. OIL IS NOT CARBON FRIENDLY LAH. WANT TO TALK ABOUT ESG
IN O&G INDUSTRY.

7113 TOPGLOV TOP GLOVE CORPORATIONBERHAD 256,699,767 3.13
7153 KOSSAN KOSSAN RUBBER INDUSTRIESBHD 50,808,563 1.99
RSS short more Top Glove but buy back some Kossan. Now Kossan only short 1.99%. I think the block at $4.05 is placed by the shorties. They induce people to sell at this price.

Ini kali lah. Mkt cap is less than 2B, but new projects alone is 1.8B
There will be more on the way. The loans need to be refinanced with lower interest rate. The company and banks both happy. Airasia with no tunnel in front also can refinance.
Don't worry. Khazanah got no money. Will not do a rights issue. In this low interest rate environment, refinancing at a lower interest rate is good for all.

Dividend X date is 16th Feb. So the shorties got to pay dividend to owner of shares

Some big ticket being roll over at $4.05 today. That's my observation

Don't listen to those rumor's of share consolidation. Kazanah will not do it this round because they have no money. They went for the rights issue last time at high price. They will ask Petronas to give projects to Velesto. Off course the big fish will collect kaw kaw first. See how they block at 12.5 cents last week. I buy until scared and Q at 11.5 cents. With interest rate going down, its good for both banks and company to refinance the old loans with new. Off course the Bankers want to see new projects. Just wait until the negotiations for refinancing is completed

Got +ve case become good news cos co buy back again
SUPERMAX CORP BHD buyback 8,151,600 shares from 6.240 to 6.700 on 22-Jan-2021.

Most of us were given the impression that the 1st tranche of CRPS is to be issue at 66 cents. As a shareholder and if you qualify as a sophiscated investor, you can apply. So I doubt any subsequent trache will be price low. All shareholders will rush for it. Any upcoming tranche will be at least 66 cents

According to the AmInvest analyst, the next tranche of CPRS is to be priced at 66 cents. So they should push the price to 66 cents and stay for a few days

Matter of time that the price will move. Be patient. For evey 0.5 cents down, I buy some. What other sector can buy

The only among the top 4 still below 31 Dec 2020 price. Why?

This counter will not have fund raising because Khazanah got no money lah. At this low interest environment, the banks are more than happy to rollover any debts at a lower interest rate if you have a strong major shareholder. Who can be stronger than the Govt.

Think alot of people scared of own shadows. Rumours of share consolidation and etc. Khazanah is major shareholder. They got no money to go for rights issue again. At this low interest rate environment, Banks are more than happy to issue new loans at low interest rate if you have a strong major shareholder

From 84 cents to 23 cents and still got people wait for 20 cents.
I start buying from 25, 24 and hardly got a few lots at 23 cents.

This counter used to be double the price of sapura Energy. No same price

Any news on Jelun Gas field project

4 Weeks Range: 0.23 - 0.85
MY GOD. WHATS HAPPENING. 25% LEFT IN JUST 1 MONTH. I WILL LOOK FOR AT LEAST A 10% REBOUND AFTER GOING DOWN BY 400%

NOW KOSSAN IS NO 1. NET SHORT OF -2.04%. TOP GLOVE ALL BUY BACK ALREADY

NOW KOSSAN IS NO 1. SHORT POSITION AT -2.04%. TOP GLOVE NO MORE SHORT.
ALL BUY BACK. BUY BACK SOON

I hope the results come out soon.
Can't be worse than last quater

Kossan have NOSH of 2558m shares and a free float of 1080M shares.
Top Glove have NOSH 8202m and a free float of 5000m shares.
As you can see from the above figures, there is a lower % of Kossan free float shares.
Look at the Net Short position. TG is 2.95% (241,895,602 shorted)Kossan is 2.18% ( 55,609,863 shorted) As a percentage of free
float, TGlove is 4.84% of free float shorted.
Kossan is 5.15% of free float shorted.
So in reality, Kossan is the most shorted Glove counter

If only China retailers join in the fun

If only China retailers join in the fun

https://www.theedgemarkets.com/article/gamestop-mania-goes-global-reta...
Aside from Rakuten and Pigeon, other heavily shorted Japanese stocks recording gains included HIS Co, Mitsubishi Motors Corp and Dentsu Group Inc.
GameStop and AMC Entertainment Holdings Inc were the most-active US stocks Wednesday on a trading app run by Shenzhen-based Futu Holdings Ltd, which serves individual investors in mainland China and Hong Kong.

https://www.theedgemarkets.com/article/gamestop-mania-goes-global-retail-traders-gang-shorts
Aside from Rakuten and Pigeon, other heavily shorted Japanese stocks recording gains included HIS Co, Mitsubishi Motors Corp and Dentsu Group Inc.
GameStop and AMC Entertainment Holdings Inc were the most-active US stocks Wednesday on a trading app run by Shenzhen-based Futu Holdings Ltd, which serves individual investors in mainland China and Hong Kong.

Spend 2 mins to write a email as a member of EPF. Its our money.
We got the right to ask.